Funding you earn now, next payment 03:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h −0.154%
Price spread now: Kraken Futures against Hyperliquid−0.037%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 4 days (all we have)+0.794%+$79 · spread now −0.037%, 7d avg −0.020%
=Together, before fees+0.696%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.098%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ENA | 0.2117 | 0.0100 | pay 0.0013% / 1h | 10m 32s | $114.0M | $71.8M | 10x |
| Short | Kraken Futures PF_ENAUSD | 0.2116 | 0.0285 | get 0.0036% / 1h | 10m 32s | $2.7M | $4.3M | 50x |
Hyperliquid ENA
Kraken Futures PF_ENAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $38.79
- Price spread: −0.037% → −0.020%
- −$1.69
- Slippage, 4 orders
- −$43.78
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$25.67
- Costs to cover
- 0.628%
- Break-even
- 11.6 days
Slippage from Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 3 min ago | 1.88 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 11.32 bp | 26.1 bp −$26 | 30.9 bp −$309 | 129.1 bp −$12.9K | doesn't fit |
ENA on 42 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0034% | 4h | 0.2114 | −0.132% | $44K | $26K | 10x | as long as short |
| 01 Exchange ENAUSD | 0.0000% | 1h | 0.2115 | −0.066% | $4K | $302 | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2115 | −0.071% | $79K | $1.3M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0004% / S −0.0004% | 1h | 0.2114 | −0.115% | $82K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +0.307% | $522 | $57K | 5.5x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2115 | −0.090% | $55K | $498K | 50x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2114 | −0.130% | $663K | $1.7M | 10x | as long as short |
| Hyperliquid ENAlong | +0.0100% | 1h | 0.2117 | long leg | $114.0M | $71.8M | 10x | |
| Aster ENAUSDT | +0.0100% | 4h | 0.2115 | −0.073% | $1.5M | $3.0M | 50x | as long as short |
| Pacifica ENA | +0.0100% | 1h | 0.2115 | −0.080% | $413K | $506K | 10x | as long as short |
Orderly PERP_ENA_USDC
01 Exchange ENAUSD
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Popdex ENAUSDT
Nado ENA-PERP
Aster ENAUSDT
Pacifica ENAShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ENAUSDT | +0.0100% | 4h | 0.2115 | −0.080% | $129.6M | $417.0M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2115 | −0.094% | $86.5M | $175.0M | 50x | as long as short |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2116 | −0.052% | $20.8M | $102.5M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2112 | −0.255% | $19K | $333K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2115 | −0.090% | $78K | $275K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2120 | +0.146% | $93K | $4K | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2114 | −0.123% | $11.1M | $21.6M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2115 | −0.071% | $45.9M | $42.2M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2116 | −0.043% | $24.7M | $15.7M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2111 | −0.260% | $48.1M | $57.5M | 75x | as long as short |
| BingX ENA-USDT | +0.0100% | 4h | 0.2114 | −0.137% | — | $32.2M | — | as long as short |
| Backpack ENA_USDC_PERP | +0.0100% | 1h | 0.2117 | −0.019% | $375K | $362K | 5x | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2112 | −0.211% | $3.4M | $9.9M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2119 | +0.082% | $244K | $7.0M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2119 | +0.099% | $357K | $4.9M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2119 | +0.099% | $22K | $651K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2115 | −0.080% | $188K | $2.3M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2062 | −2.598% | $1K | $840K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2114 | −0.137% | $4K | $7K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2116 | −0.043% | $276K | $780K | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2116 | −0.043% | $1.9M | $8.8M | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2115 | −0.103% | $47K | $110 | 10x | as long as short |
| Extended ENA-USD | +0.0104% | 1h | 0.2113 | −0.188% | $1.6M | $4.1M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2114 | −0.134% | $74K | $4K | 3x | as long as short |
| Phoenix ENA | +0.0150% | 1h | 0.2119 | +0.090% | $8K | $298K | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0253% / S −0.0213% | 1h | 0.2115 | −0.103% | $51K | — | 100x | as long as short |
| Kraken Futures PF_ENAUSDshort | +0.0285% | 1h | 0.2116 | −0.037% | $2.7M | $4.3M | 50x | |
| Lighter ENA | +0.0312% | 1h | 0.2116 | −0.061% | $5.3M | $13.9M | 10x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2115 | −0.094% | $5.6M | $3.1M | 75x | as long as short |
| dYdX ENA-USD | +0.0347% | 1h | 0.2115 | −0.086% | $140K | $15K | 5x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2112 | −0.237% | $1K | $5K | 15x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0664% | 1h | 0.2116 | −0.061% | $833K | $1.5M | 50x | as long as short |
Binance ENAUSDT
Bybit ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDT
Backpack ENA_USDC_PERP
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Paradex ENA-USD-PERP
Extended ENA-USD
Aevo ENA-PERP
Phoenix ENA
GMX ENA/USD [ETH-USDC]
Lighter ENA
BloFin ENA-USDT
dYdX ENA-USD
Reya ENARUSDPERP
Coinbase International ENA-PERP-INTX